TARIFFS

By

THE SUPREME COURT STRUCK DOWN A PORTION OF DT’S TARIFF POLICY BY RULING 6-3 THAT ONLY CONGRESS HAS THE POWER TO IMPOSE TARIFFS AND TAXES. NEVERTHE LESS, DT DOUBLE-DOWN BY BAD MOUTHING THE SC CALLING THEM FOOLS AND LAPDOGS AND IMPOSING A NEW 15% TARIFF. THIS IS A CLEAR INDICATION THAT DT FEELS HE IS ANSWERABLE TO NO ONE AND WILL DO AS HE PLEASE’S. TRUMP IS A STUDENT OF ANDREW JACKSON WHO ONCE TOLD A SC JUSTICE, YOU MAKE A RULING, NOW ENFORCE IT. AS A RESULT OF THE TRUMP TARIFFS, MANY MID-SIZE U.S. BUSINESS’ES HAD TO ABSORB THE IMPORT TAXES BY PASSING THEM ALONG TO CONSUMERS IN THE FORM OF HIGHER PRICES, EMPLOYING FEWER WORKERS OR ACCEPTING LOWER PROFITS. THESE SAME BUSINESS’ES ARE DUE A REFUND AS THE TARIFF’S WERE COLLECTED ILLEGALLY. UNFORTUNATELY, DT DOES NOT HAVE A HISTORY OF PAYING PEOPLE BACK. SO GOOD LUCK WITH GETTING TARIFF MONIES PAID BACK.  WE MUST REMEMBER THAT TARIFFS ARE TAXES ON IMPORTS, WHICH COMPANIES CAN PASS ALONG TO CONSUMERS IN THE FORM OF HIGHER PRICES.THE PRESIDENT MAINTAINS THAT THE COSTS CREATED BY TARIFFS WILL CAUSE MANUFACTORS TO RELOCATE BACK TO THE U.S. HOWEVER, THERE IS LITTLE EVIDENCE THAT IS OCURING. TARIFFS ARE HAVING A PRICE IMPACT ACROSS THE BOARD TO INCLUDE CORE NECESSITIES LIKE FERTILIZER, GROCERIES, AIRLINE TICKETS AND OTHER CONSUMER GOODS.

Posted In ,

Leave a Reply

Discover more from Lenzy Kelley Books

Subscribe now to keep reading and get access to the full archive.

Continue reading